UAE Non-Oil Business Activity Surges to Nine-Month High in December

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 The United Arab Emirates' non-oil private sector recorded its fastest expansion in nine months in December 2024, buoyed by strong domestic demand and increased business activity, according to the latest S&P Global Purchasing Managers’ Index (PMI) report. PMI Highlights Robust Growth The seasonally adjusted UAE PMI climbed to 55.4 in December from 54.2 in November, signaling robust growth well above the 50.0 threshold that separates expansion from contraction. This marked the third consecutive monthly increase, underscoring sustained recovery in the non-oil sector. Key drivers of growth included a notable rise in new business activity. The new orders subindex rose sharply to 59.3 in December from 58.0 in the previous month, reflecting strong domestic demand. Challenges Amid the Growth While domestic demand flourished, export growth slowed, with the export orders subindex dropping to a seven-month low. Additionally, businesses faced mounting backlogs due to capacity constraints,...
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UAE vision and achievements

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UAE was founded on the values of tolerance, equality, inclusion, moderation, resilience, and generosity and in the last 50 years, the UAE has developed a unique model that benefits the entire Middle East – one that empowers women, embraces diversity, encourages innovation, and welcomes global engagement. 

Over the half century of her existence, the UAE has positioned itself as a science and technological hub. The UAE has strongly laid emphasis on the use of information technology and AI, investing significant resources in building capacity among young Emirati youths as part of its future oriented vision for scientific progress and human advancement. This has enabled the Arab Emirates to emerge as a pioneer in the technology domain, making the UAE an exceptional role model for digital development in the Middle East and worldwide in fields such as AI, blockchain, cloud computing and big data.

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